Usually you need LaTeX processing in the text, let's say you have
\ newcommand * {\ SO} {StackOverflow \ index {StackOverflow} \ xspace}
...
I spend a lot of time on \ SO, blah blah ....
Simply disabling the text paragraph here will not give the text as the intended result when it contains any macros.
Therefore, an attempt to extract things from a * .tex file usually leaves much to be desired from the result. Therefore, it is better to work at the exit from latex. I would recommend converting latex to html and then from html to text. You will probably need manual cleaning, but I think it should be relatively close.
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